Parsian Oil & Gas Development Company
(oil, gas & petrochemical holding company)
Position in the Industry:
- Established in 2007, Parsian Oil & Gas Development Company (public joint stock), also known as POGDC, is currently the largest and most important holding company in Iran which runs numerous refineries and petrochemicals complexes. Furthermore, this company became listed in Tehran Stock Exchange (TSE) in 2012 and since that time, it has become one of Iran’s the most important TSE listed companies. The capital of POGDC is currently close to US$1 million which is currently under the process of being increased to over US$1.3 million.
The subsidiaries of this company are essentially involved in manufacturing primary, intermediary and final oil, gas and petrochemical and refinery related products. They currently produce 3,845,000 tons of urea, 2,480,000 tons of ammonia, 3,380,000 tons of methanol and 9,484,000 tons of various types of refinery products per annum. Today, in addition to manufacturing strategic petrochemical and oil by-products, POGDC has become involved in other fields of activity such as oil industries related engineering and rail transportation, petrochemical and refinery products trading. POGDC intends to complete the production chain of these products.
Some of POGDC’s subsidiary companies include:
Tabriz Oil Refinery, Shiraz Oil Refinery, Pars Farayand Shiraz Refinery, Pardis Petrochemical, Zagros Petrochemical, Shiraz Petrochemical, Kermanshah Petrochemical Industries, Pars Petrochemical, Tabriz Petrochemical, Kiyan Petrochemical, Khorasan Petrochemical, International Petrochemical Commercial, Parsian Rail Transportation, Petrochemical Terminals, Hamoun Sepahan Investment, Bandar Abbas Oil Refinery, Oil Construction & Engineering, Petrochemical Downstream Industries as well as Tejarat No Insurance companies.